tungsten on the way up?

Source : Wolf Minerals: Moving Forward with Tungsten

Signs of a turnaround?

Tungsten is an important metal in everyday day life, and it is very useful. Because of its high melting point, tungsten is the ideal metal for a wide range of industrial applications. Unfortunately, the primary source of tungsten is China — which controls about 83 percent of production. That has effectively landed tungsten on the critical metals list.

Due to low prices, tungsten hasn't been the most attractive of metals to mine. But with waning supply and mounting demand, the metal is shaping up to take off.

In an April interview with The Metals Report, analyst Ken Chernin said he believes that as far as tungsten prices are concerned, "we've seen the floor. I think we're going to see APT prices back up around the $400/Mtu mark, if not by late 2013 then by early to mid-2014."

Chernin stated that "no new tungsten projects are coming on-line in the next 12–18 months, which, combined with the China's impact on prices, and his belief that "China is[n’t] looking to weaken Western producers as it would be more beneficial to maintain healthy prices to fund its businesses," the tides for tungsten could be turning.

Tungsten prices are already looking up. After several months of sitting around $305 to $325 per mtu, APT prices climbed to $350 to $355 per mtu, according to Metal-Pages.

No excuses now Mr Billing...So is our Tungsten good enough or are you flogging a dead horse with Molyhil?